Monetary Policy and Its Transmission Mechanism in Jordan (häftad)
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Format
Häftad (Paperback / softback)
Språk
Engelska
Antal sidor
444
Utgivningsdatum
2012-01-03
Förlag
LAP Lambert Academic Publishing
Illustrationer
Illustrations, black and white
Dimensioner
229 x 152 x 25 mm
Vikt
649 g
Antal komponenter
1
Komponenter
Paperback
ISBN
9783847303510
Monetary Policy and Its Transmission Mechanism in Jordan (häftad)

Monetary Policy and Its Transmission Mechanism in Jordan

Häftad Engelska, 2012-01-03
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Financial liberalisation programmes derived its strength from the neo-classical theory which assumed that money is exogenous under the control of the central bank. It also hypothesised that in a repressed regime investment is saving constrained. Hence a rise in interest rate gives rise to more saving and this enhances the banking system's ability to extend more credit and therefore investment increases. In contrast the post-Keynesian theory assumed the endogeneity of money. Further, it also assumed that investment is financed by credit, and investment which take place generates saving and then savings used to fund investment.
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